Institutions specified in column (2) of the Table below and specifies the eligible projects or schemes and the estimated cost ther approved under section 35AC
Notification No. 740E was published on 12 October 1994. Its subject is Institutions specified in column (2) of the Table below and specifies the eligible projects or schemes and the estimated cost ther approved under section 35AC.
This is an approval of a named institution. It affects that institution and the people who deal with it; the years it covers are stated in it and are the whole of its reach.
| Under the 1961 Act | Now |
|---|---|
| s.35AC | no counterpart recorded |
In exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government, on the recommendations of the National Committee, hereby approves the institutions specified in column (2) of the Table below and specifies the eligible projects or schemes and the estimated cost thereof as mentioned in column (3) of the Table below and also specifies in column (4) of the said Table, the maximum amount of such cost which may be allowed as deduction under the said section 35AC.
TABLE ------ Sl. Name of the Project or scheme and Maximum No. institution estimated cost thereof amount of cost to be allowed as deduction under section 35AC ----- (1) (2) (3) (4) ------ 1. Hinduja Foundation, Hinduja Foundation Sports Fund Rs. 51 lakhs A-9/34, Vasant Vihar, Scheme providing for financial New Delhi-110 057. assistance to 20 Asian Games Medalists, 15 Adoptees and 10 upcoming sportspersons and expenditure on cost of diet and playing kit to 18 best women weightlifters, likely to cost Rs.51 lakhs.
2. Kannada Jyothi Education Furnishing and running of vocational Rs. 5.85 lakhs Society, No. 2, Ist Cross, training centre at K.J. Vocational S.G. Palya, D.R.C. Post, Training Centre, Thavarekere, Bangalore-560 029. Bangalore, likely to cost Rs. 6.50 lakhs.
3. Smt. Laxmiben J. Sethia Construction, furnishing and running Rs. 70 lakhs Charitable Trust, Laxmi of Smt. Laxmiben J. Sethia Chari- Villa, 14, Bhaktinagar table Trust Sanchalit Pathikashram Society Rajkot-360 002 at Janana Hospital Compound, (Gujarat). Rajkot, Gujarat, likely to cost Rs. 70 lakhs.
4. Karnataka Badminton Asso- Construction of Indoor Badminton Rs. 100 lakhs ciation, C/o. C-5, Unity Stadium at Millers Road, Bangalore, Buildings, J. C. Road, likely to cost Rs. 244.81 lakhs. Bangalore-560 002
5. Shree Bidada Sarvodaya Health for all comprising running Rs. 187.71 lakhs Trust, C/o Laxmichand of 50 bedded hospital, general Vishaji Rambhai, dispensary, child and mother Plot No. 62, Dattashram, care centre, T.B. clinic and 2nd Floor, Sir conducting medical campus on Bhalchandra Road, Hindu pneumatic heart Colony, Road No. 2, diseases at village Bidada, Dadar (C.R.), taluka Mandvi of Kutch, Gujarat, Bombay-400 014. likely to cost Rs. 265 lakhs.
6. Arya Samaj Matunga, Construction of building in Rs. 32.50 lakhs 303, Bhimani Street, an area of 1,881.61 sq. mtrs. Matunga, Bombay-400 019. for running of school at Plot No. 3, Kandivalli village, Charkop Kandivalli, Bandra, Bombay Suburban District, Bombay, likely to cost Rs. 62.50 lakhs.
7. Sri Kanchi Kamakoti Medical Gift of Vision, Phase-II-Rural Rs. 158.74 lakhs Trust, 77, West Ponnurangam Outreach Eye Care Pro- Road, R.S. Puram, gramme with emphasis on Coimbatore-641 002. eye care ; preventable and communicable diseases like AIDS ; maternal and child care ; small family norm and tuberculosis--identification and furnishing of additions to the existing building of Sri Kanchi Kamakoti Medical Trust, Nataraj Hospital at Sar- vanampatti, Coimbatore and construction of quarters of "A" and "B" type for the trust, likely to cost Rs. 187.74 lakhs.
8. Sarbananda Singha Stadium Construction of Sarbananda Rs. 476 lakhs. Committee, C/o Deputy Com- Singha Sports Complex at missioner and District Magis- Tinsukia, Assam, likely to cost trate, Tinsukia District, Rs. 614 lakhs. Assam.
9. Bharat Sevashram Sangha, Welfare project for rural Rs. 142 lakhs 211, Rash Behari Avenue, tribes comprising construc- Calcutta-19 (West Bengal). tion, furnishing equipment running of hospital, vocational training-cum-production unit, residential school and model demonstration farm at Barajuri, Ghatsilla (near Jamshedpur), likely to cost Rs. 154.30 lakhs.
10. Bhagwan Mahaveer Cancer Construction of Phase-I of Rs. 1,380 lakhs Hospital and Research Centre, Bhagwan Mahveer Cancer Journal House, A-95, Hospital and Research Centre Janta Colony, Jaipur, at Jawaharlal Nehru Marg, Rajasthan-302 004. Jaipur, Rajasthan, likely to cost Rs. 1,429 lakhs.
11. Nehru Centre, (a) Slum clearance and re- Rs. 2,213.00 Discovery of India Building, settlement of slum dwellers at lakhs Dr. Annie Besant Road, CS Nos. 41/47 and 16/47 of Worli, Bombay-400 018. Lower Parel Division--con- struction of 788 units at Lower Parel, Bombay ;
(b) Redevelopment of a slum and rehabilitation of slum dwellers located at CS 383 of Tulsi Wadi area, Bombay-- construction of 2,800 units at Tulsi Wadi, Bombay, likely to cost Rs. 2,800.00 lakhs.
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2. This notification shall remain in force for a period of one year in relation to the assessment year 1995-96 in respect of project mentioned at serial number 2 and for a period of two years in relation to the assessment years 1995-96 and 1996-97 in respect of projects mentioned at serial numbers 4, 5, 6 and 10 and for a period of three years in relation to the assessment years 1995-96, 1996-97 and 1997-98 in respect of projects mentioned at serial numbers 3, 7, 8, 9 and 11 and for a period of three years in relation to the assessment years 1996-97, 1997-98 and 1998-99 in respect of project mentioned at serial number 1.
[No. 9629/F. No. NC-104/94
Source: the Income Tax Department’s own published text — its page for this instrument.